Ashville Asset Management are pleased to announce the acquisition of its latest development 4.5 acres of land at Stonehouse, Gloucestershire, growing their land holding in the area.
Ashville recognises that the shortage of available land in the area and a significant lack of new accommodation offers unprecedented flexibility for the construction of a new large-scale facility. With consent granted for 89,000 sq ft of high-end production and office accommodation, Ashville hopes to bridge this gap.
The plot could also be split in such a way that will allow for anywhere from 22,000 sq ft upwards to be available as smaller plots. Ashville would also consider either the sale of the development or a bespoke construction.
Ashville have succeeded on an additional development parcel close by that has recently gained consent for the development of a 15,000 sq ft office building on a 1 acre site which fronts Oldends Lane. It is also available for new high-quality offices on a self-contained plot in the well-established Stroudwater Business Park. This adjoins a completed development by Ashville on behalf of Schlumberger plc. Many large scale users already include Dairy Crest, Renishaw and Schlumberger.
According to Spencer Crowder, Development Surveyor at Ashville, both sites are in a strong location only 1½ miles from junction 13 of the M5 motorway and options are currently being considered for the development. Spencer Crowder, Director at Ashville commented;
“There is a lack of new commercial space in the Stroud area, which is still relying on its older stock to fulfil the needs of a demanding market. The new development we will be constructing on the land at Oldends Farm will provide new modern, high quality accommodation which will benefit from the local supply of good labour and excellent communication links. This will reinforce Ashville’s commitment to the area and our desire to bring further development sites forward, at a time when vacant stock is historically low”.
John Goodwin in Ledbury acted for the private landowner on this transaction.
